The Institute of Empirical Economic Research at Osnabrück University has
been tracking TARGET2 balances from October 2011 to September 2015, nearly
on a daily basis. In our view, it was a key indicator of Europe's balance of
payments crisis and continues to be a biomarker of financial stability in
the Euro area.
As of September, 2015, the
ECB is providing these numbers in a common database.